![]() Additionally, there has been talk about the. The SEC accepted its application to sell up to 250 million of its stock. This suggests a possible upside of 1,566.7 from the stocks. That being said, while participation in SystemX makes for good public relations for Meta Materials, I'm less than convinced that this week's news makes this company - which started trading on the Nasdaq exchange on June 30 after a reverse merger with Torchlight Energy Resources - a significantly better investment than it was last week. Meta Materials ( MMAT) stock is trending and climbing 15 today. On average, they predict the companys stock price to reach 3.75 in the next twelve months. "With META's growing footprint in Silicon Valley, we are extremely pleased to join the SystemX Alliance," Meta Materials CEO George Palikaras said. The story of Meta Materials illustrates a wider issue that comes with investing in meme stocks. So whatĪlongside names like Harvard, MIT, CalTech, and Carnegie Mellon, Stanford ranks among the nation's top research universities, and is a well-known conduit of research moving into Silicon Valley. The business earned 1.41 million during the quarter, compared to analysts expectations of 3.05 million. The reported (0.05) earnings per share (EPS) for the quarter, hitting analysts consensus estimates of (0.05). Meta Materials expects to sponsor basic research by university students, and recruit those students to work for the company in new fields such as augmented reality and solar technologies. Meta Materials last issued its quarterly earnings results on May 12th, 2023. That was nearly triple the 210,344 it saw in the same quarter last year. This provides member companies with what it says is "a highly leveraged and cost-effective method to sponsor pre-competitive, collaborative research at Stanford." In 2021’s second quarter, Meta Materials generated 624,320 in revenues. Investors have put money into stocks in the past. ![]() On Monday, Meta Materials announced that it has joined the Stanford University SystemX Alliance industry affiliates program. What happened Shares of Meta Materials (NASDAQ: MMAT), a researcher into materials for use in various high-tech applications, were shooting more than 20 higher as of 1:20 p.m. Meta Materials, a Canadian materials technology company, rose after Facebook CEO Mark Zuckerberg said he was changing his company’s name to Meta.
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